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welcome to "power lunch." another day and another dow record. dow jones adding on to its record breaking advances of yesterday. right now, up 30 point at 14,284.26. now, s&p, although very strong today, has not breached its high water mark. 2007 high. it remains in tact. but we are significantly above the 1500 level, which technically is key for that market. nasdaq, last trade on the nasdaq down. in terms of gold, fractional gain in the gold market of less than a tenth of a percent.

as for oil, west texas intermediate down on the trading session. we also want to look on the fear index wbt vix, down just a traction. yesterday we saw a huge drop in the vix. one thing watched closely is the volume or perhaps some are saying the lack thereof. while the stock market is at an all-time high, once again, the volume isn't. that has a lot of market watchers i'm talking to questioning a bit how broadly-based this is this time around. you're up-to-date, ty. we're going back to you at hq. >> thank you. attorney general eric holder, top law enforcement making a statement that has us scratching our head. eamon javers, live in washington. eamon? >> a surprise question with eric holder on whether some banks are what they call too big to jail. whether the size of financial institutions inhibits department

of justice from going after them for fear of economic consequences. take a look what they said just in the hour. >> i'm concerned about the size of some of the institutions becomes so large that it does become difficult for us to prosecute them, when we are hit with indications that if you do prosecute, if you do bring a criminal charge, it will have a negative impact on the national economy perhaps even the world economy. >> now, holder went on to tell senate judiciary committee that the size inhibit them to what they call resolutions. tyler and sue, i can tell you that there are senators on capitol hill, including chuck grassley, who are very upset by that. they say it is not the department of justice's job to take on economic conditions.

they say department of justice should just go after crimes wherever they see them. guys? >> michelle caruso-cabrera jois us. is there a distinction? >> there a distinction. we have seen the government prosecute other financial institutions in the past, they have failed. when you prosecute an entire institution, it is extremely problematic. individuals, very have heard other members of the administration say things like sometimes you're too big to jail and you work for the bank. they are talking about individuals. i don't buy that. any rule that you can't enforce, any law you can't enforce because you fear consequences, go back and look at where that law stems in the first place because that's a problem. >> eamon, i'm thinking of prior

instances. bp was prosecuted and pleguilty felony counts. that's a pretty big company. you look back it bernard edwards, they went after him. >> a >> arthur anderson. >> they put arthur anderson out of business. so do they go after case of criminal conduct or what? >> no. department of justice said they would go after crimes where they see them but in this case, it seems clear in the context, and we have to get more, that what they are talk about is institutions. they said in the testimony this morning that they think the biggest ternment out there is going after individuals. but here he talks about the size of thence tugss themselves and economic consequences of bringing actions against them. there are a lot of senators on the hill who feel like they

should go after institutions if they did something wrong. holder, here, seems to be suggesting that they've got to take a lot more broader approach here and look at the economic consequences. >> whatever, michelle. looks like a hornet's nest has been stirred here. michelle, thank you. eamon, thank you. sue, back to you. >> thank you. if you think you're too late to get in on the gain at new record highs, think again. jim cramer made that point to tiger. he made that point yesterday. jackie, deangelis is looking a the the sectors for us. hey, jackie. >> hey, sue. hopefully i can pick up where jim left off. that's the million dollar question. is it too late to get into this market? and if not, where do you look? it appears there is opportunity out there. consider this. of the s and p large cap sectors there are still six showing meg performance. now financials doing the wrors et as a group still down nearly

50% since the last peak. materials, utilities, industrials, energy, they are still showing single-digit losses. some analysts say these underperformers could outperform this year. take industrials for example. ge still down more than 40% since the peak. within the financials, keycorp, and bank of america. still down more than 70% each. also looking promising with names like dow chemical down more than 25% since the last bull run. so start looking for some of that gold. back to you, sue. >> thank you very much, jackie. mary thompson joins us now. she has a market flash. >> hey, sue. take a look at johnson controls. popping up from reuters saying the sale of its interiors unit and it hired j.p. morgan for that. it has other businesses.

mo it could focus on some of the higher-profit businesses it is involved in. investors seem to like the news. up 5.5%. reuters exploring its auto interiors unit. thank you very much. >> when the market goes this high, there is a course of investors who believe they are due to go the other way. that would be down, of course. there are, and justifiably, skeptics. some folks make money by going short. that is selling borrowed shares of the stock in hopes of buying them back at a lower price in the future. william dove gordon. market in london, watches the u.s. market for those shorts. mr. gordon, welcome. good to have you with us. where do you think, right now based upon your research. . the most juicy targets for shorting are? >> that's a very good question. and one of the areas seeing huge increases is the high yield.

high yield bond etfs. jnk, hyg. there is a lot of speculation and high-yield that go up in price everyday. yield is coming down but short-sellers are piling in. borrowing more and more and more of that. there is imaging and things looking scary in the high yield bonn space. >> that's where some of that short money seems to be going right now. are there any other equity sectors or elsewhere drawing attention of the shorts? >> yeah. clearly, short sell is an evaluation game, thinking that in a low growth companies going to survive? so people underweight the utilities, these kind of things. but there is not massive short interest. but you are in select of things like game stop. high street retailer definitely

a retailer. you there are a few companies, u.s. steel, materials place. previous analysts with those sectors not where they were in 2007. 2 and that includes snanames we t talked about. >> thank you. hope you come back again soon. sue? >> since march 2009 lows, dow jones industrial average more than doubled. in just the last year, up 10%. where is all that money coming from? jane wells has been snooping around. she's live in los angeles for us. hi, jany. >> hi, sue. money came from me. >> excellent. >> like most regular joes, the vast of my investment is through

401(k). william blair says as employment recovers, more people are eligible for 401(k)s, helping the market. and betsy blair says she is seeing confidence recover. >> where my business is focused, primarily on the coast, is the housing market, people feel more comfortable putting money into their 401(k) and not see a drop into the proverbial black hole. >> but people who were burned in '08-'09 may not recover emotionally. you hear that in their voices. >> happy, but then like people have been saying, you've got to be careful right now. so i think you just have to use common sense. >> my 401(k) is in a money market fund. i'm happy with that. >> what goes up, must come down. >> by the time i'm eligible to draw that money out, i hope

it'll be a large guess game but we will see. >> people are trading their personal accounts. schwab saw a jump in january compared to a year ago. etrade saw 6% year over year jump and up 18%. sue and tyler, schwab now has $10 billion in its etfs but compare that to total u.s. etfs of over $1 trillion. back to you. >> thank you, jane. big snowstorm hitting a big chunk of the country. from the center of the country on east. video after school bus crash in illinois. now some pictures of virginia where it is snow, snow, snow on route 29 moving down through the center of the state. schools cancelled down in virginia. virginia for lovers, not for snowstorms and snow men. nick walker is following the storm. how bad is it likely to get, nick? >> we've already seen upwards to around 20 inches of snow here in the mountains of west virginia. wide varience around washington,

d.c. area between 0 and 4 inches right in town. and it is all rain out towards the coast. but very gusty wind, from delaware up towards the coast of new jersey. we will continue to see power outage problem from heavy west show as it turned to move toward new york cite, rain turning to snow. five to eight inches of snow and into boston, through tomorrow, and even into friday morning. some areas here, south and west will get up to a foot an a half. sue? >> yikes! it is headed our way. thank you so much, nick. i think, anyway. the fed behind the rally. and what happens, if and when, they change the way they want it do things in terms of qe2 and qe3? we will have answers for new two minutes time.

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house speaker john boehner speaking out to larry kudlow. >> we are going to shut down the white house during the easter season when washington is overrun with visitors is just silly. i want to know who is being laid off at the white house. is this what is going on? all i can say is the capitol is open for visitors. we welcome to the american people to come to their capitol. we have been preparing for the president's sequester for months. >> more of larry kudlow's interview with the speaker tonight at 7:00 eastern time.

on the kudlow report. sue? >> wall street watchers believe one of the reasons the dow reached historic highs is because of the federal reserve decision to keep interest rates at historic lows. is this a federally and does the fed even care what dow jones industrial average does? steve liesman is our man following the fed and bob pisani has wall street's take on this. i would perhaps in normal times the fed doesn't watch the market as closely as it is now but given the fact they are intimately involved in qe3, is it different this time? >> it's been different for several years, now, sue. when fed policy did not make a secret that they are targeting the stock market, targeting a couple things. they also want it crowd investors from bonds into stocks. that's an explicit goal of federal reserve policy right now and i think they believe it is having success. >> it seems to be, bob.

a lot of people do point to the fed as one of the reasons why this mark set being supported. they wanted to push people out of the safer investments to take on slightly more risk. it seems ooze though they have succeeded. but is that all that's under pinning this market and what happens if the fed decides it change its qe stance. >> no, that's not all that's pending. there are a lot of people at war with the feds. new highs? oh, it's the feds. everyone agrees the fed had some impact on stock prices. any reasonable person would say the fed can influence stock prices but cannot by itself overcome fundamentals involved. and fundamentals haven't been getting better an corporate earnings have been improving. since the bottom in 2009. hitting lowest age in 2008. 2009 getting better. since then earnings are up about 60% on the s&p 500. stock market, since the bottom in beginning of 2009, is up about 60%.

earnings matter an they have been getting better. we dent lion't like the quality cost-cutting but -- >> but steve that is also the argument for those who are bearish. okay, if the stock market manages to continue new highs. and as bob pointed out, earnings are better and the economy is better, what is to stop the fed from easing back on its qe? >> inside the question, sue, is the answer. if the fed eases back "onq" e, we will do so amid lower unemployment and better economy and economy will meet the fed less. look, the fed doesn't want to be where it is by any stretch of the imagination. it would much prefer ton buy $85 million in bonds every month and prefer the government not be in the process of cutting spending, not leaving all of the stimulus to the federal reserve. if we get into position where those things turn around with, you can imagine the market being okay with that. >> thank you gentlemen, very much. >> stocks at all-time highs sue,

someone might make them go higher. see who has the power to do it and when they may be likely to pull the trigger. if you'd like vc money. who wouldn't? don't move. >> coming up, power pitch. start-ups that give us their 60-second pitch. >> my name is nathan richardson. i'm the co-founder of way wire. >> we give you the fast pitch of venture capitol. >> i think my primary concern is in the execution. >> do these founders have what it takes? >> in or out on waywire? >> stay tuned it find out.

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series, power pitch. we go behind new companies and see if they have what it takes to make it in today's competitive landscape. >> i'm brian sullivan. this is the power pitch. start-ups get 60 seconds to make their pitch and we get a chance to react and provide insight into the fast-paced world of venture capital and how companies get the green light. nathan richardson and corey booker are co-founders of waywire. they have changed the way you share video. here is their pitch. >> hey there. my name is nathan richardson. i'm the co-founder of waywire. waywire is the next on-line

video site for generation. who is generation ny? the children that parents have subscriptions. the market for this is expected to a $4 million ad market growing 47% to year. here's the rub. the geny people don't like youtube. they think it's broken. so we created waywire.com. can you create, share videos for you. whether it is entertainment, politics and news, we are the site where that generation can go, find videos they like, share them with friend and create their own video identity. i hope you will check outweigh wire.com. >> nathan and corey or on the right side of your screen. they can't react to our critique

just jet. with us is jackie of cnbc and stephan paternon, from slated co-founder and chairman. introductions aside, let's huddle up. steph, obvious concern is line, and nathan mentioned it in the pitch. youtube. >> i think the cure rated video makes sense. but execution and the devil's really in the details. how will they lure over teenagers particularly fickled? >> i'm thinking, how do they mon advertise this? we have traditional means we but we have to see a monetary model that's better. >> okay, try to pry into the business model of waywire and they will get the chance to defend themselves. right now, nathan, the vernacular is, youtube it. it has become a verb. how do you make it, i'm going to

waywire it. >> if you search for a song, stuck in a moment, by u2, you will find the karaoke versions or armpit versions but not the one you're looking for. taking youtube and putting it into your tool bar to drag a video from another site like cnbc, you're not capable of it. >> nathan, you are trying to target gen y. their attention span is short. how do you keep their attention? >> by creating wires of interest and letting you follow and see wires of your friends. they can see a video stream of things that might be interesting to you or brian or corps corey. >> steph, jump in. >> how hou do you get masses to upload, share on waywire when there is countless other ways to do it. >> right now, there are so many voices, so many passions,some

interests just lost in the large ocean that is youtube and are very difficult to discover. in my city, people who pull video up and really have no place to post that video, the way you get that video and by creating an integrated social system where people are taking videos and uploading, their friends are seeing them, and they can become a part of the national conversation in a bt much better way. to me, that's how they do it. nathan, how are you -- >> like other ceos, like eric schmidt of google -- >> yes. >> there is a huge opportunity with video and a huge opportunity to be embedded with the existing social graphs that doesn't exist today and can't be done by the incoumbentome bent*s

incumbents. >> jackie, are you in or out? >> right new, i'm out. they will create a better mouse trap, put it out there and the model could be duplicated. and i'm concerned about the monitorization. >> i'm out as well. i think nathan has an amazing mayor as partner, however i believe the competitive landscape is too great. too early to see traction. that said, i never saw instagram coming. >> youtube, too easy to get lost, but v invios is okay. oprah is investing, mayor booker is investing. i think the public is looking for a different place it look at and find videos on-line because youtube is so 1998 right now.

so i'm in. nathan and corey, thank you for your time. that is the pouch pitch. >> how but? are you in or out on waywire? go to powerpitch.cnbc.com. >> american eagle plummeting after it warned of weak sales in its current quarter siting a tough economy and unfavorable weather. down 10.5%. staples also losing ground after two forecast weak earnings. did raise quarterly dividend by 9%. 12 cents a share. jeffreys upgraded electronics retailer to buy from whole citing cost cutting and discipline by new management. rare 3% up for best buy. gold prices about to close.

seema has more for us. hi, seema. >> hi with. we have given up the ghost as we head towards the actual close. a lot of folks watching central bank. central bank of korea announcing today that it had bought 20 tons of gold in february as we saw that big decline that we have seen for the five straight months of gold. right now, fractionally positive for the month. could be fractionally positive at the end of the day. traders say they are conscious ahead of big ecb and boe, decisions tomorrow. and of course the big jobs number on friday. back to you. >> thank you, ber that. disney, new battle ground and bid to separate ceos from chairman positions. despite the fact that stock has been surging. and a possible new catalyst to drive stocks higher. mcc is on the case for us. michelle? >> yes. a small group of men from a country that most americans

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welcome back to "power lunch." once again, bob pisani joins me on the floor of the nyse. you and i both worry the volume is not what it should be. but yet, the s&p is holding above the 1500 mark. dow jones industrial average marching to a new high. >> like yesterday, we moved up and stayed flat line throughout the day. same thing happening again today. not quite as big so we are up 35 points. been there throughout most of the day. this is a modestly risk on day. there's your market leadership. that's pretty small. you see the vectors on the bottom. consumer staples and defensive names to the down side. this is the trend for the last couple of weeks. if you want to know what's hot, i will watch this the next hour. look at this. s&p 500. anything related buying big cap stocks. any s&p 500 etfs with huge

inflows, sue, the last two months as well as emerging markets. >> right. >> so the risk on trade is definitely there. bonds, not really getting the flows they used to see. >> understandably so after the run they've had, right? thanks, bob. see you later. also, potential at the nasdaq. market still far from its all-time high. we need about 40% gain to get there. but right now we are turning our focus as investors debate the better play. is it growth? is it value? seema mody has been taking a look at that for us. hi, seema. >> hi, sue. that the big question on the street. will it be growth versus value that will help lift the nasdaq? let's start with a few growth names. these are a few names on the s&p index that are expected to grow at an annual compounded growth rate at 10% or moreover the next five years. these stocks trade at premium to the market as investors are willing to pay a higher multiple for forward looking growth. on the other side we have a list

of value tech names many dubbed as old school players. even apple made that list. all of which are trading at a discount to the s&p 500. and are thus considered relatively cheap. now if you are in the geoldy locks zone, according to our research, only four stocks made that tuck. electronic arts, fiserv, qualcomm and sandisk. you can see these stocks are up as well. here are some to consider, sue? >> seema, thank you. meanwhile, treasury department has been up on sessions. the bond mark set usually called the smart money. j is ceo of bull and bear partners. he is at the cme. good to see you, jack, as always. >> sue, always a pleasure to see you. >> if you've been in the bond market this whole time, you missed a move in the equity

markets. yet we are not seeing the exodus from the bond market that you would think you would see with all-time highs and equities. >> it is interesting. we haven't seen the classic rotation that everyone has been expecting. you would see it in the form of large strategic asset evaluations. there's this other factor that seems to play into the bond market that people aren't talking about. that's demographics. there is a large portion of people that will never get out of bond. they lived through two big volatile moves. they are in bond as they approach retirement age. >> does that change the dynamic when everybody says the bond market is a bubble that's ready to burst. if indeed you're correct that there are people given their background and what they've seen that will never leave the bond market, do you have a bond bubble? >> i don't think we have a bond bubble. i think it is a slow leak over the course of the next couple of years as we watch equities go up. if that's the case, we would see the bubble burst already.

we are at 2% when the s&p was at 670. 2% at a thousand and 2% now. something is wrong there. bonds are wrong. >> indeed. thank you very much, jack. good to see you. >> thank you. >> ty, up to you. >> sue, another factor that could move stocks higher in the u.s., chinese companies with the backing of that country's government are about to go on a buying spree. michelle caruso-cabrera back with details. >> there is a huge meeting with the chinese leadership going on all week to outline their year and the country's five-year plan. one of the goals announce that chinese companies should spend and expand a lot abroad. via mergers, acquisitions among services and energy. chinese outbound investment was 77.2 billion. chinese government thinks it'll rise by another 15% this year to 88.7. although the u.s. hasn't been at the top of the list for chinese investors, more of their

investments have gone to europe. chinese investment into the u.s. is at an all-time high and expected to go up more this year. last year chinese companies invested $6.5 billion into the u.s. just some of the deals, a 6.5 billion stake in energy. purchasing amc movie outright for 2.6 billion. china is one of the view places where investment overseas expanded. in most parts of the world outbound investment wag contracting dramatically. outbound investment wag increasing. u.s., asia-pacific, latin-america, all increasing during time period. increase for chinese outbound of 321%. of course, tyler, as you know, chinese investment in the united states is very controversial. ever since trying to buy un cal, congress want berserk. there may be some hesitation to

buy here but if we have hurdles, think about it. lot of money. >> big pockets. >> they could really add a premium. >> hacking and cyber he is chiropractority makes this move even more -- we are going to rename this network mccnbc. you have china, chavez. >> the company denying a report in the south china morning post that it is considering taking the company private and delisting from the nasdaq, there you see it, stock off over $5. back to you, sue. >> thanks, mary. as dow continues in record territory. up about 40 points. we will break down who is the best and worst performers. should you stay the course? or go to a rotation? in terms of other sectors? we're back in two minutes to talk about that.

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coming up on "street signs," right up with a full round of how america's economy is doing through the eyes of the beige book. also, ceo on cnbc saying the board needs to take action. well have maybe one of the last positive people from jcp to build the case. where will the rich leave? a tour of the millionaires and billion airs, we will see exactly where they live. in the meantime, back to you on "power lunch." >> thank you, mandy. see you at 2:00 p.m. eastern time. once again, dow is up 45 points. dow component home depot has been a big winner in this rally.

stock up about 14% just this year alone, topping the dow industrials and s&p 500. also outperforming lowe's in the past one year. home depot up 50%. lowe's up about 40%. how hot is home depot? check out staggering stats. top performing dow stock since peak in october 2007 opinion since market bottomed in march of 2009, home depot is the second best perm forming stock. joining us is senior equity research analyst from oppenheimer. he has a $76 target price for us. brian, thanks for coming back. >> thanks for having me on. >> the stock has add very good run. what will propel it to that new price target? >> look, i think home depot continues to perform well from

here. to answer your question, what drives is t, a combination of housing backdrop and continued strong internal execution on the part of home depot. >> and in terms of the housing market itself, how firm do you think this recovery is? because i would assume that that is one of the key components in your forecast. >> that's correct. the way i look at it, it is pretty firm. we've seen now over, just going back over the past couple years, we have gone from a weakening housing environment to stabilization, then more recently, some small indications actually beginning to improve. i think the key for home depot here from housing market perspective is obviously getting turn higher. but also pricing. homeowners now feel more comfortable that their home will hold or hold its value or continue to gain value from here. and that encouraging people to start doing remodeling activity. >> how much is in the stock? doesn't sound like you think

most of it is. >> that's a difficult question to make. i will slice it a couple of ways. home depot right now is strtrad at, high teens, 20 times earning. that would suggest to me that the stock is, so to say, baking in a housing recovery. as i look at the fundamental trajectory and take into consideration that home depot has been performing pretty well the last year or two years, with stabilization or slight improvement in housing, tells me they still have a ways to go. so net, slet nnet, i think it h housing recovery but doesn't fully affect full housing recovery. >> thanks for talking with us today, brian. >> thanks for having me on. if home depot is the best, who is the worst stock performer since the 2007 peak? well, alcoa.

how do you play the aluminum maker? bridget freas from morningstar is joining us. this doesn't seem to be driving the price of the stock. why? >> they are a global aluminum producer and they add lot of things go right for them the past few years. aluminum demand is key. forecast is roughly the same in 2013 as 2012. that's stronger than most other metals. the company strengthened its balance sheet. if you just look at down stream segment, those that create individual products sold to boeing or auto maker, these operations are generating higher margins for alcoa than any # even back in 2007. but yes, no question the performance has been disappointing. if you look at the price of aluminum it isn't hard to see why. aluminum prices and metals exchange is down 40% since 2007.

yet input cost when you think about electricity, fuel, oil costs, things like that, will continue 20 move higher. >> have you a buy rating on the stock. what will turn is around in this new year, 2013? >> right. it might not be 2013. my buy rating is more of, this is provides long-term value. so there is certainly an overcapacity problem at the aluminum sector right now. particularly in china where a lot of capacity is added in the last five years. i think if you look at the price of aluminum, it reacts much more to global economic sentiment than changes and supply. so i think the biggest cattle is for improvement in aluminum prices which would improve alcoa stock price, just have more economic growth in china and the u.s. alcoa may be down 80% since the peak of the dow but up a hundred% two years prior to that. i think most stocks only appreciated 20 to 40%.

>> that's an interesting stat and great place it leave it. thanks, bridgette. joining us today, kayla, robert, thank you to both of you. our yahoo! question of the day, are you feeling any wealthier? here is what you said. 6% say they feel wealthier. 21% feel somewhat wealth year. 73% say they feel no difference. how about you? you feel wealthier? >> i always feel wealther. >> just hanging out with us. >> this hasn't created broad household wealth. but every increase of $1 creates two cents of spending. last year we had $5 trillion in added household wealth. from home prices and the market. that created muns of millions this year and is expected to add 7.5% gdp and more than offsets the sequester.

>> wall street, all-time high drama from texas, mike burgess, republican and sheila jackson lee are, a democrat i believe also from texas, take a listen. >> these are savings anticipated for years. delayed for months. finally arrived last friday. market responded yesterday with an all-time high. time to let those savings work on wall street. >> the backs of poor people are being broken while wall street is celebrating. >> there is one of the questions about the wealth effect. that it is concentrated, says robert. and that broad population isn't been fitting from these higher stock prices. >> i think that is probably a blanket statement at best. but i think that you look at the equity inflows or outflows. last week was the first time that money actually move owed out. so maybe they weren't benefiting from the tip top of this rally

but a lot of wealth has been created. i think that's political theater being played in washington. we haven't had a budget for four years. spending cuts are being introduced. i can see where they would be -- >> encouraged by that. >> encouraged by that. >> market goes to an all-time high. i think too often in this con vefr sags, we forget there are pensions, 401(k)s, insurance policies. so if you touch the markets through those vehicles, you are actually a little bit wealthier. we will take a break and come back, and ask the question why are some disney shareholders br grumpy with bob, since he took the keys to the kingdom. that and more when we come return. ♪

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to deposit checks from anywhere. [ wind howling ] easier than actually going to the bank. mobile check deposit. easier banking. standard at citibank. disney is topping number two. shares have gone goofy. can't get enough of the disney characters into our copy here. we will keep working at it. up 34% while ceo bob ieger still has the keys to the castle. there's another one. we are going for the record here, baby. major shareholders, however, want to take his chairmanship away. julia? >> shareholders here seem very

happy, tyler, with disney stock hitting a new all-time high yesterday. shareholders think if it ain't broke then don't fix it. all of disney's director answers proposals were approved by disney shareholders and neither of the shareholders proposals you mentioned were approved. that's a also for the iss and glass lewis. they are changing wait the compensation is calculated and to allow long-term shareholders to easily nominate board members. those pro poles yas were rejected. now support for leadership reflect the fact that in his tenure, there is a 138% compared to just 25% share return for s&p 500. back over to you. >> julia, boorstin, thanks very much. robert is splitting chairman position a good idea for this company? for all companies, kayla? >> we had the proxy viedor on this morning, tie lower. and he said this is not because

of something he did, and i agree, if it ain't broke, don't fix it. i think this is a nonissue. >> what do you think? >> philosophically it makes sense to split the roles. but there is no measurable difference in the companies where they are together and apart. so if it ain't broke, don't fix it. >> i was going to say, what's the harm in splitting it? but we have to move on. a window on a company in distress. $5 off your next purchase of $5 or more. you found this, kayla. >> it was in my inbox. just felt hilarious. an at for denim and i read down and there was this coupon. it was diczar. but this is how much the company is worth for jc penney. they are willing to pay the cuff customers 5 bucks if you spend 5

bucks. >> they have to pay me 5 bucks to shop jc penney. >> oh, that's mean. >> do you make it up in volume? >> folks, we pressure being with us. more on the markets on another big day when we come back. carfirmation. only hertz gives you a carfirmation.

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